Quadric Completes Series C Round at $46M with IFC Leading Second Close
AI chip platform Quadric has closed the second tranche of its Series C funding round, bringing in an additional $46 million. The World Bank's International Finance Corporation (IFC) led the round, bringing the company's total capital raised to $90 million.
Quadric, a developer of programmable AI chip technology, announced the second close of its Series C funding round, securing an additional $46 million. The investment was led by the International Finance Corporation (IFC), part of the World Bank, bringing Quadric's total capital raised to $90 million. The company plans to use the funds to expand its customer support and go-to-market teams for existing clients in automotive, AI PCs, and enterprise, as well as for projected growth in humanoid robotics, wearables, and networking.
The IFC's investment marks its first in an AI chip company and aims to serve markets that hyperscale cloud solutions cannot reach. "Quadric addresses one of the most important structural gaps in the AI ecosystem today," stated Mohamed Eissa, Chief Investment Officer at IFC. "Powerful AI cannot remain the exclusive domain of hyperscalers if emerging markets are to close the digital divide. Quadric's programmable architecture fundamentally changes the economics."
Existing investors, including Pear VC, Uncork Capital, and BEENEXT, which previously led the company's seed round and the first close of Series C, increased their stakes. Offline Ventures joined as a new investor. The initial close of Quadric's Series C, announced in January 2026, followed a year in which the company's product revenue more than tripled and it achieved profitability.
Quadric emphasizes its software-centric approach, allowing its chips to run updated AI models without hardware changes. This contrasts with traditional fixed-function Neural Processing Units (NPUs) and is presented as key to adapting to the rapidly evolving AI landscape.